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Updated about 4 years ago on . Most recent reply

User Stats

145
Posts
42
Votes
Frank Agyeman-Duah
  • Real Estate Agent
  • Dallas, TX
42
Votes |
145
Posts

GC Demanding 50% Payment Upfront

Frank Agyeman-Duah
  • Real Estate Agent
  • Dallas, TX
Posted

Am rehabbing a duplex that I purchased out of state. This is my second deal and am still a newbie REI. I found a General Contractor on Craigslist who wants 50% payment upfront before he would start the work. I did estimates from two more contractors but this guy is the one with the lowest estimate. He told me I could pay via PayPal, Cashapp or credit card. Am a little bit uncomfortable about this and like to know if is normal for contractors to do that.

Most Popular Reply

User Stats

145
Posts
42
Votes
Frank Agyeman-Duah
  • Real Estate Agent
  • Dallas, TX
42
Votes |
145
Posts
Frank Agyeman-Duah
  • Real Estate Agent
  • Dallas, TX
Replied

I will probably pay via PayPal so that I can initiate a chargeback with my bank.

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